RT Journal Article
SR Electronic
T1 Does Stock Market Performance Influence Retirement Intentions?
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 1055
OP 1081
DO 10.3368/jhr.47.4.1055
VO 47
IS 4
A1 Gopi Shah Goda
A1 John B. Shoven
A1 Sita Nataraj Slavov
YR 2012
UL http://jhr.uwpress.org/content/47/4/1055.abstract
AB Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998–2008, a period that includes the recent crisis. While we find a weak negative correlation between stock returns and retirement intentions, further investigation suggests that this relationship is not driven by wealth shocks brought about by stock market fluctuations, but by other factors that are correlated with both the stock market and retirement intentions.